Charity number: 1195573
MENTORNECT
UNAUDrrED ACCOUNTS
FOR THE YEAR ENDED 31108r2025
Prepared By."
AL Accountants
11 Dudley Street
Coventry
CV6 7EE

MENTORNECT
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 3110812025
TRUSTEES
Loretta Nana Offeibea Asiedu
Nicola Ann Marie Bogle- Trustee
Stephen Balmer- Walters -Trustee
REGISTERED OFFICE
50 Dittisham Road
London
SE9 4BH
CHARITY NUMBER
1195573
ACCOUNTANTS
AL Accountants
11 Dudley Street
Coventry
CV6 7EE

MENTORNECT
ACCOUNTS
FOR THE YEAR ENDED 31108r2025
CONTENTS
Page
Report of the Trustees
Independent Examinerf$ Statement
Statement of Finan￿81 Activibes
Balance Sheet
12
Noles to the Accounts
13to16
Detailed Statement of Financial Acbvitses
15

MENTORNECT
FOR THE YEAR ENDED 3110812025
TRUSTEES. REPORT
TRUSTEES
The Trustees of Mentomect present the annual report and financial ststements for the year ended 31
Au9USt 2025.
The trustees have adopl8d the provisions of the Statement of Recommended Practi￿ (SORP),
Accounting and Reporting by Charities issued in 2005 in preparing the Annual Report
and Finanaal Statements of Mentomect.
STATUS AND ADMINISTRATION
The c£smposition of the MentorNect Board of Trustees are as follows:
Loretta Nana Asiedu - Chair of Tnjstees {apwinted 02 September 2021)
stephen Balmer Walters - Treasurer (appointed 02 September 2021)
Nicola Bcgle - Secretary (appointed 04 February 2022)
Charfotte Valerie Caradot (resMJned 01 November 2021)
MentorNect is a Charitable Incorporated Organisation with the Charity Number.
1195573. The Corresponden￿ address is: 50 Dittisham Road, MottFngham. London.
SE9 4BH.
OBJECTIVES
MentorNect is committed to act as a resource for young people between the ages of 18 and 30 by the
provision of accessible e-leaming mentorship prc*3rams for the development of skills, knowlodge,
education. employability, and capacrties as a means of..
{al advancing in life and helping young people by developing their sknlls. capacthes and capa￿lItIeS to
enable Ihem to participate in society as independent. mature and responsible indivmluals,. and
(b) relieving unemployment
The ITUStees at MentorNect ¢X)nfim Ihat referral has been made to the promsions of Charity
Commission's guidance on public benefft, and as such. the obj'ectives and
activitie$ of the Charity are in alignment with the guidance.
page 3

MENTORNECT
FOR THE YEAR ENDED 3110812025
TRUSTEES, REPORT
The Charity conducts the ab)ve by:
Devising ihe MentorNect6 1-2-1 mentoring pr(*Jramme where mentees have access to an approved
MentorNect mentor for a define(I period of time at no cost to mentees.
The programme is funded by donations made to the Chartiy. All pr￿￿J3 are reinvested into the charity
to 8nable the charity organisation to sustain its Charitable aclivities.
Should mentees desire to have exlra sessions, the option to pursue MenlorNe¢t+ is available for an
extended period. Compared to the previous repor( mentees are
currently able to have extra sessions at no cost.
Additionally, liaising and establishing collaborations Wtth educational institutions. and charrties to offer
educational talks to students. young adults on ways to enhan￿ employability.
and advi￿ on how to improve the overall well-being of young people to ensu￿ that they are equipped to
achieve and live a wholesome life.
STRUCTURE GOVERNANCE AND MANAGEMENT
MentOTNect is a registered CharIta￿e Incorporated (hganisation ( CIO) under number 1195573. Prior to
tts incorporation in 2021, the Charity was establish￿ after its founder
Loretta Nana Asiedu on her own rareer arKI personal developmentioumey. recognised the need
amongst young adults to be conneoted to indmduals wrth expertise
In their chosen career,and extensive Itfe experien￿ to provid8 them with valuable advice and support
through mentoring.
The Charity has made $ignific4nt contribulions to the kn￿￿edge and skllls of many young adults,
particularly in 2020 at the height of

MENTORNECT
FOR THE YEAR ENDED 3110812025
TRUSTEES, REPORT
the pandemic where a surge in unemployment and a delrimental effect on well-being was rife.
Presently, the Charity relies on donalions and in-house fundraising activities to continue its charilable
work with plans to ino)rporate grants to expand the
organisation's reach in the pipeline.
In a¢Gordance with its constitution. the Charity requires a minimum of thr8e truste8S. With no maximum
limit. Trustees are appointed by the existing board and serve a one-year term, subject to a mid-term
review. Trustees may be reappointed rf mulually agreed.
The Board of Trustees meets regularfy to set the strategic direclion of the Charity. These meetings
include reviews of poliaes, financial updates. volunteer management and recruitment. and plans to
expand both mentor and mentee engagement.
There have been no changes to the Compo￿tion of the board since the last reporting period. No new
trustees have b6en appointed or removed.
All trustees are appointed by 8 resolution passed al a property ￿nVened meeting of the charty trustees.
As part of the trusts8 recruitment process, all rtrew trustees
undergo an interview with exisling trustses to a￿rtain their rnotives align wtth that of the Charity. An
agreed Code of Conduct. a role description, useftjl Trustee infoTmation provided by
the Charity Commission - agreed by trusle8s are provided. Most imwrtanly. the Charity's Constitution is
provided for trustees to familiarise themselves with the objects and its ruth.
In accordance with the Constitution. all trustees were not paid any remuneration and voluntarity offer&J
their time and expertise freely to the development ofthe charty.
page 5

MENTORNECT
FOR THE YEAR ENDED 3110812025
TRUSTEES, REPORT
page 6

MENTORNECT
FOR THE YEAR ENDED 3110812025
TRUSTEES. REPORT
CORE ACHIEVEMENTS AND FLMIRE PLANS
MentorNect aims to make mentoring easily accessible to young adults to improve their wellbeing and
provide the adequate skills required to thrive on their (areerjoumey.
To obtain this, Ihe charity recognises the need to strewen and txoaden tts stratce to succeed in order
to increase their chan￿S of improving their employment prospects.
As part of our collaboration with Youthbuild Ventures UK. MentorNect delivered an interactive in-person
workshop to a selective gr¢yJp of students at Ashford C(Alege. The workshop focused on how to 'Level up
your Linkedln, where students were intrrxduced to Linkedln induding how to create an account.
page 7

MENTORNECT
FOR THE YEAR ENDED 31108r2025
TRUSTEES. REPORT
For 1-2-1 mentoring sessions where mentees are paired with a subject matter mentor. a total of eight
mentees completed the MentorNect6 pr￿ramme for this year
Trustees seek to have the mentor recruttment as an on•ing basis to bL*)St the Charity's mentor portfolto
and lo minimise the risk of mentor shortages.Fellow charity volunteer recruilment platform will be used to
achieve Ihis goal.
Truslees intend to maintain its existing process such as requiring DBS checks for mentors prior to
mentee m21(*)ing. use of the charity portal and issuing of 0￿JaniSatiOnal email Sogins to exercise risk
Management.
FINANCIAL REVIEW
Details of Mentomect financial a(aivilies for the year and slate of affairs as at 31 August 2025 are set out
on pages 9 to14
The total income of £2846 was derrved from fundrdising actiwty and voluntary contribution from the Chair
of Mentornect Board of Trustees.
A total expenditure of £1672 was incurred with the majority of furKls all¢Mted to website management.
marketing and accounting expenses,
leaving a surplust of £1174(2024defiat-£987),.
A net of £3091 is carrigj forward as unresthcthl fuTh
VOLUNTEERS
The trustees would like to take the opportunty to show appreoa1i(￿ to all rts voiunteers who give up their
time in the ￿pacity of menlo
and lo our marketing team who work tirelessty to ensure that through our So￿81 media plalfomis we a
adding value to the lives of many
young people through our contenL
Report approved by Irustees on 16 June 2026 and signed on their behalf by.
Loretta Nana Asiedu
Chair of MentorNoct Board of Tnjstees

MENTORNECT
INDEPENDENT EXAMINERE STATEMENT
FOR THE YEAR ENDED 3110812025
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MENTORNECT
I report on the aco)unts of the company for the year ended 3110812025 .
RESPECTIVE RESPONSI8ILrriES OF TRUSTEES AND EXAMINER
The trustees (who are also the directors of the o)mpany for the purposes of company law) are
responsible for the preparation of the accounts.
The trustees consider that an audtt is not required for this year under sedion 14412) of the Charities A
2011 (the 2011 Act) and that an independent examination is needed.
Having Satisfied myself that the charity is not subJ'e¢l to an audit under company law ar￿ is eligible for
independent examination, it is my responsibility to:
- examine the accounts under section 145 of the 2011 A¢
- follow the procedures laid down in the general Directions given by the Chartty Commission under
section 145{5)Ibl of the 2011 Act,. and
- state whether particular matters have come to my attention.
BASIS OF INDEPENDENT EXAMINERS STATEMENT
My examination was carried out in accordance with general Directions given by the Charity Commission.
An examination includes a review of Ihe acGountirg reo)rds kept
by the charty and a ¢x)mparison of the accounts presented with those records. It also includes
consideration of any unusual items or disdosures in the acoxjnts, and seeking
explanations from you as trustees con￿ming any suth matters. The pro￿ureS urKl6rtaken do not
provide all the evidence that would be required in an audiL and consequently
no opinion is given as to whdher the accounts present a Irue and fair wevf and thè rekK)rt is limited to
those matters set out in the statement below.
INDEPENDENT &XAMINERS STATEMEpir
In connection with my examination. no matter has ￿rne to my attention."
11 } which gives me reasonable ¢ause to believe that in any material respect the requirements..
- to keep accounting records in accordance with Secti￿ 386 of the Companw Act 2(￿.. and
- to prepare accounts which a(y))rd with the a￿oUnting records. compty wtlh the ac￿unting
requirements of section 396 of the Companies Ad 2006
and with the rnethods and principles of the Ststemfrnt of R¢commendad Prath￿ ACCI￿nting and
Reporting by Charities have not been met

MEKfoRNECT
INDEPENDENT EXAMINER'S STATEMENT
FOR THE YEAR ENDED 31108r2025
12} to which,in my opinion, attenlion should be drawn in order to enable a proper understsnding of the
acounts to be reached,
Dale..
AL Accounta
11 Dudley Street
Coventry
CV6 7EE
page 10

MENTORNECT
Statsment of Flnanclal A¢tlvitie$
for the year ended 3110812025
2025 2024
Total Totsl
Unrostr Restric
Icted ted
funds funits
Income
Income from generaled funds
Donations and legaryes
In￿me from charitable activttres
Total InGome and endowments
Expenses
Costs of generating funds
Expenditure on Charitable a¢Xivilles
Totsl Expanses
Net gains on Inveslments
Not Incorne
259
330
589
2.846
2,846
1.672
1,672
1,672 1,576
1.672 1.576
1.174
1,174 {987)
Gainsl(losses) on revaluatlon of fixed assests
Not movement in funds:
Net Income ftir the year
Total funds brought forward
Net funds carriod forward
1.174
47
1.127
This statement of financtal activtknes indudes all gains and10s8es recognised in the year. Al
income and expenditure derive from continuing aclivities
1,174 (987)
47
940
1,127
47
page 11

MENTORNECT
BAIANCE 8HEEf AT 31108r2025
2025
2024
CURRENT ASSETS
Cash at bank and in hand
3,091
3.091
1,965
CREDITORS.. Amounts falling due wlthin one year
NET CURRENT ASSETS I (LIABILITIES)
TOTAL ASSETS LESS CURRENT LIABILITIES
AGcUmUl￿ed Funds
890
1,126
1.126
47
47
Unrestrlcted funds
General fund
1,126
1,126
For the year ending 3110812025 the ￿MpanY was entttled to exemption under section 477 of Ihe
Cornpanies Act 2006 relating to small 1￿MpanieS.
The members have not required the company to obtain an audit in arxx)rdan￿ wtth section 476 of the
Companies Act 2006.
The directors acknowl￿ge their responsibilities for complying with the requirements of the Ac* with
respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with th6 provisions applicable to companies subject
to the small companies regim6.
Approved by tho board of trustees on and signod on
thelr behalf by
47
47
Stephen Balmer- WaFters
Trustee
page 12

MENTORNECT
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 3110812025
1. ACCOUNTING POLICIES
1a. Basis Of Accountlng
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in aC￿rdanCe wtth FRS102 - The Financaal Reportlng Standard
applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the
Slalement of Recommended Practice. Accounting and Re￿rbng by Charities.
Ib. Incoming Resources
All incoming resources are includod on the Ststement of Financial Acttvtlres when the charity is legally
entitled to the inwme and the arrnunt can be quantified with reasonable acuJracy.
1¢. Resources Expendod
Expenditure is accounted for on an accruals basis and has teen classffied under headings that aggregate
all cost rèlated to the category. Where ￿sts cannot be diredly attrlbuted to particular headings they have
been allocated to activities on a basis consistent with the use of resour￿.
1d. Allo¢atlon And Apportlonmont Of Costs
All costs relale lo the single activity of the charitable o)mpany and are recx)gnised accordingly.
le. Fund Accounting
Unrestricted fvnds can be used in ac££Kdar￿ with Ihe charttable obithes at the discretion of the
tnjstees.
Reslricted funds can only be used for particular restricted purposes wlthin the objects of the charity.
Restrictions arise when spe(yfied by the donor or when funds are raised for particular restricted
purposes.
Designated fiJnds are funds set aside by the trustees of unrestrtcted general fijnds for the spedfic
future purposes or projects.
1f. Turnover
Turnover represents the invoicej value of gc#)Js and selv1￿ supplied by the company. net of value
added tax and trade discounts.
pag6 13

MENTORNECT
2. CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR
2025
2024
Loretta Nana Ksiedu
Accountancy
1765
200
1.965
690
200
890
3. UNRESTRICTED FUNDS
Brough Incomlnoutgdmnsfers Carried
t forwar g resou g r0S0U
forward
rceG rces
General fund
47
47
2,845
2,845
1,672
1,672
1.126
1.126
page 14

MENTORNECT
Incomlng Resources
for the year ended 3110812025
2025
2024
Incomlng resour¢•s
In¢oming resources from genorated funds
Voluntary Incom8
259
259
Charitablo Aetlvlty
Donations
259
330
330
2,846
2,846
330
589
Foge 15

MENTORNECT
EXPen￿S
for the year ended 3110812025
2025
2024
Expenses
Costs of generallng funds
Charitable Activltles
Accountancy fe8S
Information Commissioner
Prtrtrting,poslage & stationery
Advert & Promotion
Telecomunication
Workshop
Subscriplions
Mentorship
Websile Managem8nt
Travel
Sundry expenses
200
35
36
418
565
47
70
100
1.075
125
157
40
1,576
1.672
1,672
1,576
page 16